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Ontario Entrepreneur Stream (OES)

Description

Canada PR through

Ontario Immigrant Nominee Program (OINP)

Entrepreneur Stream

Eligibility

• Min. Investment CDN$ 500,000.

• Min. Networth of CDN$ 800,000.

• Min. 36 Months Business Experience in last 60 Months.

• Min. IELTS 4.5.

The Application Process

> Step#1: Make Sure You Satisfy all Criteria and Requirements

> Step#2: Complete and Submit an Expression of Interest (EOI)

> Step#3: Invitation to Apply

> Step#4: Submit Your Application

> Step#5: Application Assessment

> Step#6: Sign Performance Agreement

> Step#7: Temporary Work Permit

> Step#8: Arrival and Business Establishment

> Step#9: Nomination and Application for Permanent Residence

> Step#10: Monitoring

To be eligible, you and your business partner must meet five factors.

• Experience

         > At least 36 months of full-time business experience in the last 60 months.

         > Your experience must be as a business owner OR as a senior manager (business management).

• Net Worth

         > If your proposed business will be located within the Greater Toronto Area (GTA – includes the City of Toronto, Durham, Halton, York and Peel regions), you must have a minimum net worth of $1,500,000                   CDN.

         > If your proposed business will be located outside of the GTA, you must have a minimum net worth of $800,000 CDN.

         > If your proposed business will be in the ICT/Digital Communications sector (regardless of your proposed business location), you must have a minimum net worth of $800,000 CDN.

• Personal Investment Funds

         > If your proposed business will be located within the GTA, you must make a minimum personal investment of $1,000,000 CDN and have a minimum equity ownership of 33.3 per cent.

         > If your proposed business will be located outside of the GTA, you must make a minimum personal investment of $500,000 CDN and have a minimum equity ownership of 33.3 per cent.

         > If your proposed business will be in the ICT/Digital Communications sector (regardless of where you set up the business), you must make a minimum personal investment of $500,000 CDN and have a                     minimum equity ownership of 33.3 per cent.

• Job Creation

         > You must create at least two permanent full-time jobs for Canadian citizens / permanent residents.

 • Exploratory Visit

         > If you plan to purchase an existing business, you must make at least one business-related visit to Ontario in the last 12 months prior to the date you submitted your application.

You must meet the minimum requirements for all of these factors to be eligible to apply for the Entrepreneur Stream. If you are applying with a business partner who is also seeking nomination, your partner must also meet all the minimum requirements for each factor.